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By bloid
via sitepoint.com
Published: Sep 02 2008 / 13:43

In its first month, Apple’s App Store, which sells applications for its iPhone and iPod Touch devices, raked in $30 million, and is on track to do over $300 million in sales by year’s end. Investment firm Piper Jaffray thinks that in 2009, App Store revenues could top $1.2 billion, which would make it a major source of revenue for Apple.
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